Zacks: Analysts Anticipate Rev Group Inc (REVG) to Post $0.55 EPS
Wall Street brokerages expect Rev Group Inc (NYSE:REVG) to report earnings per share (EPS) of $0.55 for the current quarter, according to Zacks. Four analysts have issued estimates for Rev Group’s earnings, with estimates ranging from $0.48 to $0.60. Rev Group reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The company is expected to announce its next earnings report on Tuesday, December 18th.
On average, analysts expect that Rev Group will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.44. For the next financial year, analysts expect that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.29 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Rev Group.
Rev Group (NYSE:REVG) last issued its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Rev Group had a return on equity of 13.12% and a net margin of 2.40%. The company had revenue of $597.70 million during the quarter, compared to analysts’ expectations of $649.64 million. During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year.
REVG stock traded down $0.01 on Thursday, hitting $11.25. The company had a trading volume of 15,762 shares, compared to its average volume of 534,642. Rev Group has a 12-month low of $10.19 and a 12-month high of $33.15. The company has a current ratio of 2.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $722.32 million, a P/E ratio of 12.06, a P/E/G ratio of 1.27 and a beta of 2.42.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, October 30th. Rev Group’s dividend payout ratio is presently 21.28%.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Rev Group by 271.7% during the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after acquiring an additional 8,733 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Rev Group during the 3rd quarter worth $267,000. Tower Research Capital LLC TRC boosted its stake in shares of Rev Group by 161.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock worth $403,000 after acquiring an additional 14,617 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Rev Group by 71.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 25,162 shares of the company’s stock worth $428,000 after acquiring an additional 10,467 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Rev Group by 26.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after acquiring an additional 4,954 shares during the last quarter.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.
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